Saudi banks loaned SAR 1.278 trillion to private sector by end of February

05/04/2015 Argaam - Exclusive

Saudi-based banks handed out SAR 1.278 trillion in loans to privately-held companies by the end of February, an 11 percent rise from SAR 1.148 trillion during the same period last year.

Credit to the public sector grew to SAR 97.5 billion for the same period, compared to SAR 96.6 billion in February 2014, according to the monthly bulletin issued by the Saudi central bank.

 

Loans to Private Sector – Feb 2015 (SAR trillion)

Change

2015

2014

Period

+12%

1.268

1.136

Jan

+11%

1.278

1.148

Feb

--

--

1,167

March

--

--

1.180

April

---

--

1.196

May

--

--

1.215

June

--

--

‍1.221

July

-

--

1.233

Aug

--

--

1.252

Sep

--

--

1.287

Oct

--

--

1.261

Nov

--

--

1.256

Dec

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